Dover Announces Acquisition of Innovative Control Systems, Inc., a Leading Provider of Vehicle Wash Site Management Solutions
Enhances and Diversifies Product Portfolio of Dover’s Fueling Solutions Segment
Dover announced that it has completed the acquisition of Innovative Control Systems,(ICS), a leading provider of car wash controllers, payment terminals, point-of-sale and wash site management software solutions. ICS is now part of Dover’s Fueling Solutions segment.
Headquartered in Bethlehem, Pennsylvania, and employing more than 150 people, ICS has served the carwash industry for over 30 years. ICS is recognized in the marketplace for its strong engineering and reliability, high levels of customer service, and innovative solutions.
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The addition of ICS expands Dover’s participation in the secularly-growing vehicle wash market and enhances Dover’s offerings, business mix and recurring revenue stream with high-value hardware and software solutions critical to vehicle wash workflows and operations. A scaled-up vehicle wash platform within Dover is expected to drive growth and efficiencies by cross-leveraging Dover’s and ICS’ go-to-market channels in vehicle wash and convenience retail markets, as well as aftermarket support infrastructure.
“This acquisition is fully aligned with the growth strategy we outlined during our analyst and investor meeting focused on Dover’s Fueling Solutions segment in November 2020. With the increasing popularity of automatic car washes among convenience retailers and independent operators, we continue to view the broader vehicle wash solutions market as an attractive and logical adjacency for our Fueling Solutions segment,” said Richard J. Tobin, Dover’s President and Chief Executive Officer.
“We are excited to bring together ICS’ innovative solutions, brand recognition and vertical software capabilities, and Dover’s scale, global reach and customer support capability in the convenience retail and vehicle wash markets. We look forward to welcoming the talented team from ICS,” said Kevin Long, President of OPW, one of Fueling Solutions’ business units, which operates Dover’s vehicle wash business platform.
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